Source - LSE Regulatory
RNS Number : 4098F
boohoo group plc
15 July 2021
 

 

 

15 July 2021

boohoo group plc

("boohoo" or the "Company")

 

Grant of Options

 

boohoo group plc (AIM: BOO), a leading online fashion group, announces that options over a total of 16,800,000 Ordinary Shares of 1 pence each ("Shares") were granted to 646 employees on 13 July 2021 pursuant to the Company's Employee Share Option Plan ('ESOP'), equating to 1.33% of the current issued share capital.

The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 289.45p per Share which was the closing price of boohoo shares on 12 July 2021.

Options over a total of 2,333,678 Shares were granted to 36 senior managers pursuant to the Company's Long Term Incentive Plan ('LTIP'), equating to 0.18% of the current issued share capital. Options over a total of 142,606 Shares were granted at nominal value and options over a total of 2,191,072 Shares were granted at an exercise price of 289.45 pence per Share.

 

The options granted have a vesting period of three years ending on 13 July 2024 and vesting is dependent on meeting challenging performance conditions.

 

Enquiries

 

 

boohoo group plc

 

Neil Catto, Chief Financial Officer

Tel: +44 (0)161 233 2050

Alistair Davies, Investor Relations

Tel: +44 (0)161 233 2050

Clara Melia, Investor Relations

Tel: +44 (0)20 3289 5520

Mark Mochalski, Investor Relations

Tel: +44 (0)20 3239 6289

 

 

Zeus Capital - Nominated adviser and joint broker

 

Nick Cowles/Andrew Jones (Corporate Finance)

Tel: +44 (0)161 831 1512

John Goold/Benjamin Robertson (Corporate Broking)

Tel: +44 (0)20 3829 5000

 

 

Jefferies - Joint broker

 

Philip Noblet/Max Jones

Tel: +44 (0)20 7029 8000

 

 

Buchanan - Financial PR adviser

boohoo@buchanan.uk.com

Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Sophie Wills

Tel: +44 (0)20 7466 5000

 

About boohoo group plc

 

"Leading the fashion eCommerce market"

 

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2021, the boohoo group had 18 million active customers across all its brands around the world.

 

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